Having a lien on your property is a common problem among sellers when it comes to selling their properties. A sale cannot proceed if there’s an existing lien on the home. So how do you resolve this common issue? Before anything, let’s define what exactly a lien is. In simple terms, a lienis a legal claim on a property as a consequence of unresolved debt. For example, you had … [Read more...] about What to Do if There’s a Lien on My Property?
While the susceptibility of consumer information in the digital mortgageprocess has become a widely popular concern, few have voiced out about the actual danger of identity theft to lenders. Atlanta-based data aggregation company LexisNexis Risk Solutionshas monitored cyber fraud activities targeting lenders and shown that while mortgage lenders experience fewer fraud … [Read more...] about Mortgage Lenders May Be Susceptible to Identity Theft
When home prices continue to push buyers away from the already scarce inventory, alternatives have to be sought. Among which are pre-foreclosed properties. What are these properties and is it wise in invest in them? Looking for an affordable home can be a challenge for homebuyers especially in major cities in the country. During the past year, home prices have … [Read more...] about How Do You Buy a Pre-Foreclosed Property?
Home improvements can be costly. For a home with a 1,000 square feet space, renovations can easily cost around $18,000. Meanwhile, a 3,000 - to 4,000-square foot home needs around $36,000 for improvements. It takes guts and serious finances to push for home improvement projects. Yet, Americans are not as worried about funding renovations as they are about staying on budget. … [Read more...] about How to Save on Your Home Renovations
Mortgage data firm ClosingCorp determined the top states in the US where closing costs are most affordable. What does this mean for many of the country's cash-strapped buyers? More than guts, it takes serious money to buy a home. If you’re like most Americans who just don’t have that liquidity or financial strength to pay for the home in cash, the most common way is to get a … [Read more...] about Top 10 States with the Lowest Mortgage Closing Costs